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Mutual fund custodial account Transfer or Rollover Request SectionBySection Instructions Goya Institutional Trust Company, Custodian Record keeping provided by Goya Retirement Insurance and Annuity

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How to fill out voya life illustrations

01

To fill out Voya Life illustrations, follow these steps:

02

Gather all necessary data: you will need information about the insured individual, including their age, gender, and medical history.

03

Identify the type of life insurance policy you are illustrating. This could be term life, universal life, or whole life insurance.

04

Determine the coverage amount: specify the death benefit amount the insured individual wants to be considered for.

05

Select the premium payment method: decide whether the policyholder wants to pay premiums monthly, annually, or in another frequency.

06

Input the life insurance company's interest rate and expense load: this will impact the illustration projections.

07

Add any additional riders or endorsements: if the insured individual wants to customize their policy with additional coverage options, include them in the illustration.

08

Review and verify the illustration: double-check all entered information for accuracy and completeness.

09

Generate the Voya Life illustration: once all data is inputted correctly, the illustration can be created and shared with the client.

Who needs voya life illustrations?

01

Voya Life illustrations are beneficial for various individuals, including:

02

- Insurance agents and financial advisors: they can utilize Voya Life illustrations to demonstrate different policy options to their clients.

03

- Individuals considering life insurance: if someone is thinking about purchasing life insurance, Voya Life illustrations can help them understand the potential benefits and costs of different policies.

04

- Current policyholders: existing Voya Life insurance policyholders may need illustrations to assess potential changes or updates to their coverage.

05

- Estate planners and financial professionals: these professionals can use Voya Life illustrations to analyze insurance needs for estate planning or wealth management purposes.

06

- Anyone interested in life insurance: Voya Life illustrations provide valuable insights into the features, costs, and projected benefits of various life insurance policies.

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What is voya life illustrations?

Voya life illustrations are graphical representations of the projected benefits and values of a life insurance policy provided by Voya Financial.

Who is required to file voya life illustrations?

Insurance agents, brokers, and companies that offer Voya life insurance policies are required to file voya life illustrations.

How to fill out voya life illustrations?

Voya life illustrations can be filled out by inputting relevant policy information into the illustration software provided by Voya Financial.

What is the purpose of voya life illustrations?

The purpose of voya life illustrations is to help policyholders understand the potential benefits and values associated with their Voya life insurance policy.

What information must be reported on voya life illustrations?

Voya life illustrations must report key policy details, such as premium amounts, death benefits, cash value projections, and any optional riders.

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